A memo written by Village Administrator Jerry Sagona said the project initially would create 45 full-time jobs and generate an estimated $160,000 in yearly sales tax. The company has 18 stores in central Illinois and northern Indiana, according to its website.

At Tuesday’s meeting, the Committee of the Whole will consider an economic incentive agreement that would split sales tax revenue between the developer and village until the developer has been paid $500,000.

The tax-sharing agreement would offset the $2.1 million cost of refurbishing and expanding the building, documents said. The company plans to add an 8,000-square-foot warehouse, repair the parking lot and replace the HVAC systems, among other repairs.

The developer initially proposed a $500,000 sharing agreement on April 15, revised the request to $750,000 on May 3 and agreed to reduce the request back to $500,000 after further discussions.